Why is MIRC Electronics falling/rising?

As of 12-Sep, MIRC Electronics Ltd is experiencing a price increase, with the current price at Rs 28.95, reflecting a change of 0.14 or 0.49% upward. The stock has shown a positive trend recently, gaining after two consecutive days of decline. It is currently trading close to its 52-week high, just 4.53% away from Rs 30.26. Over the past week, the stock has risen by 1.90%, and it has outperformed the benchmark Sensex in various time frames, including a year-to-date return of 20.62% compared to the Sensex's 4.82%. However, there has been a notable decline in investor participation, with delivery volume dropping by 62.73% against the 5-day average, which could indicate a potential concern regarding sustained interest in the stock.
In the broader market context, MIRC Electronics has outperformed the Sensex over the past week, month, year, and three years, suggesting strong relative strength. The stock's performance today aligns with the sector, indicating that the upward movement may be supported by broader market trends. Despite the recent price increase, the significant drop in delivery volume could signal caution among investors, which may impact future price movements. Overall, while the stock is rising, the falling investor participation may warrant close monitoring as it could affect the stock's momentum moving forward.